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Last Post 03/26/2017 1:58 PM by  host
Xactimate Estimate Formulas
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RobShaver
Guest
Guest
Posts:1


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03/20/2017 2:34 PM

    I have an example estimate created by Xactimate and I'm trying to understand how construction material costs and labor costs are reflected in that estimate. The columns I'm trying to understand are QUANTITY, UNIT, TAX, O&P, RCV. Correct me if I get any of the following wrong.

    QUANTITY is the size of that piece in units such as Square Feet (SF), Linear Feet (LF) Each (EA). 

    UNIT is the cost per unit. My biggest question is, does this amount include material costs AND labor cost? 

    TAX is the sales tax on the materials, but does it include any of the labor tax such as the employers SS tax?

    O&P is Operating cost + Profit.

    RCV is Replacement Cash Value in the estimate. My guess at the formula for this column is: QUANTITY * (UNIT + TAX) + O&P = RCV

    Does anyone here understand Xactimate well enough to know how this is computed? I wasn't able to find it in the manual.
    host
    CatAdjuster.org Founder
    Posts:709


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    03/26/2017 1:58 PM

    Unit Cost:   One way to get more information on the Unit cost and what is included in the amount is to click on or add a Line Item in the estimate and then click on the Unit cost and then the "i" icon right next to the calculator icon.  When you click on the "i" icon you will see a breakdown of the items that make up the Unit Cost, which include Material, Equipment, Labor and Market Conditions. You will also see additional information or breakdowns on the material and labor cost.

     

    Roy
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